Why Curaleaf Holdings Smoked the Market on Thursday

Eric Volkman, The Motley Fool
·2 min read
Why Curaleaf Holdings Smoked the Market on Thursday
Why Curaleaf Holdings Smoked the Market on Thursday

Curaleaf Holdings (OTC: CURLF) was a stock on fire Thursday, eclipsing the gain of the S&P 500 index with a more than 8% rise on the day. The product line is Curaleaf's Select Oil, which the company claims is the No. 1 cannabis oil brand in the U.S. The hot new market (for the product, that is) is Illinois, which has been fertile ground for marijuana companies since legalization of the sale and consumption of recreational cannabis kicked off in January. Marijuana sales have risen consistently over the past five reported months, setting new records every time.